Posted on 11/06/2022 10:59:04 PM PST by zeestephen
The residences, which range in size from 237 to 1,970 square feet, are on sale now — and they aren't cheap. Storylines says the residences cost between $1 million and $8 million, with ownership lasting for the "lifetime of the vessel," which the company estimates as roughly 60 years.
(Excerpt) Read more at cnbc.com ...
No.
Where’s the local Ski Area?
Garages for my vehicles?
Gun Range?
National forest for hiking the [personal trainer] dog?
Diesel usage sustainability? [Where do I store my tactical Diesel sta$h?]
How do I go visit the grand kids?
Etc.
Not even if you paid ME a million dollars!!!!!!!
I’ve lived on a boat, until one dark and stormy night, when I came to my senes!
I see these becoming the plot of for B-movie disasters.
“ownership lasting for the life of the vessel estimated to be 60 years” means you don’t in fact have an investment. You have a form of a lease. One that costs about $16,000 per year, plus interest of about $55,000 per year, if you manage to get a 5.5% loan (now long impossible) Well, actually, it’s purely impossible because banks won’t lend you money for property which is going to be reduced to $0 in value within 60 years.
Looks to me to be a ‘Sea of Heartbreak.’
That’s what I want to do, live on a floating apartment building, where one man’s floor is another man’s ceiling.
time shares at sea
Greta likes them. What better way to check
rising sea levels.
A cruise ship is a complex system which needs competent management to keep it functioning. A tenant committee won’t do that.
It needs a single owner, who can then rent accommodations, and who thus has an incentive to keep it in repair.
The seduction is when the vessel is fresh and new, the upkeep will be small. As the vessel ages, the costs will increase exponentially. The residences will be forced to bear the costs. Several months of dry dock for hull descaling and repainting may require all on board to be relocated because of noise, dust and fumes.
The ship’s 20 different restaurants and bars will not have reasonable prices. As a captive passenger, one would pay big prices. One would pay a great fortune to stay aboard that ship; especially in later years when health would require assisted living.
No thanks. I was a sea going Marine for 2 years. That’s all I ever want of living at sea.
No thank you. For that kind of money, I could book a suite on a first-class cruise ship and live out my life in total comfort.
No thanks that would be crazy , but on a blimp ?
“Garages for my vehicles?”
Oh goody. A floating timeshare.
Re: but on a blimp
I am recalling flashes of a W.C. Fields movie where he is traveling on an ultra-luxurious blimp.
The scene I recall best - an out door patio area, where a waiter accidentally knocks a bottle of liquor over the railing. Fields, without hesitation, dives over the railing in hot pursuit of the bottle!
If I were you, though, I wouldn’t wait by the phone to be offered a cruise line marketing job. Your post is like a visual version of the fine print at the end of every ad. I’m still laughing.
Movie: “The Legend of 1900” (1998) Starring Tim Roth
https://www.imdb.com/title/tt0120731/
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